The benchmark Sensex on Wednesday fell by over 122 points and Nifty dipped below the 8,200 mark in early trade on sustained selling by funds and investors after RBI took a cautious stance on economic recovery coupled with forecast of a deficient monsoon.
The 30-share BSE Sensex fell 122.60 points to trade at 27,065.78.
The NSE Nifty index dropped below the 8,200 level by falling 46.95 points to 8,189.50.
Stocks of FMCG, infrastructure, banking, auto, power, oil and gas and realty sectors led the decline.
Among other Asian markets, Hong Kong’s Hang Seng was up 0.91 per cent while Japan’s Nikkei shed 0.49 per cent in early trade.
The U.S. Dow Jones industrial average ended 0.16 per cent lower.
